Required information CP11-1 (Static) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions [LO 11-2] [The following information applies to the questions displayed below.] Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock. $10 par value. During the first year, the company earned $38,200 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 60,000 shares of the common stock at $12 cash per share. b. Reacquired 2,000 shares at $15 cash per share from stockholders; the shares are now held in treasury. c. Reissued 1,000 of the shares in transaction (b) two months later at $18 cash per share. CP11-1 (Static) Part 3